Brink’s (NYSE:BCO) Rating Lowered to Buy at StockNews.com

Brink’s (NYSE:BCO) was downgraded by stock analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a note issued to investors on Saturday.

Brink’s Trading Up 3.0 %

NYSE:BCO opened at $89.50 on Friday. The firm’s fifty day moving average is $92.33 and its 200-day moving average is $99.22. The company has a debt-to-equity ratio of 8.76, a quick ratio of 1.57 and a current ratio of 1.57. Brink’s has a 52 week low of $82.94 and a 52 week high of $115.91. The firm has a market cap of $3.86 billion, a P/E ratio of 33.90 and a beta of 1.42.

Brink’s (NYSE:BCO) last posted its quarterly earnings data on Wednesday, February 26th. The business services provider reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.26. Brink’s had a net margin of 2.37% and a return on equity of 71.46%. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.25 billion. Equities analysts expect that Brink’s will post 6.49 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of BCO. Mather Group LLC. boosted its stake in Brink’s by 146.2% during the fourth quarter. Mather Group LLC. now owns 293 shares of the business services provider’s stock worth $27,000 after acquiring an additional 174 shares in the last quarter. Sierra Ocean LLC bought a new position in Brink’s during the fourth quarter worth $36,000. Golden State Wealth Management LLC bought a new position in Brink’s during the fourth quarter worth $55,000. Aquatic Capital Management LLC bought a new position in Brink’s during the fourth quarter worth $56,000. Finally, First Horizon Advisors Inc. lifted its stake in shares of Brink’s by 200.5% in the third quarter. First Horizon Advisors Inc. now owns 610 shares of the business services provider’s stock valued at $71,000 after buying an additional 407 shares in the last quarter. 94.96% of the stock is owned by institutional investors.

Brink’s Company Profile

The Brink’s Co engages in providing cash management services, digital retail solutions, and ATM managed services. It operates through the following geographical segments: North America, Latin America, Europe, and Rest of World. The North America segment operates in the U.S. and Canada. The Latin America segment refers to the operations in Latin American countries.